No threat to deal with Sony
Mumbai: After the mega merger of Zee Entertainment (ZEEL) and Sony Pictures Networks India (SPNI), further planning has now started. ZEEL-Sony will invest Rs 11,605.94 crore in the company formed after the merger. Puneet Goenka will continue to be the Managing Director (MD) and Chief Chief Executive Officer (CEO) of the new company formed after the merger.
After the merger, Zee Entertainment will hold 47.07 per cent stake. Sony Pictures will hold 52.93 per cent stake. The merger company will also be listed in the stock market. Puneet Goenka held a conference call with the board members on the planning of the company to be formed after the merger.
There is no threat to the deal: Puneet Goenka
Puneet Goenka said that open offer will not be required after the deal. The share swap ratio will be decided after due diligence. Will continue to earn good for the share holders. Synergy will be brought in advertising and subscriptions. According to Goenka, the merger may take 6-8 months to complete.